Welcome to our dedicated page for Iridium Comm news (Ticker: IRDM), a resource for investors and traders seeking the latest updates and insights on Iridium Comm stock.
Iridium Communications Inc. (NASDAQ: IRDM) is a provider of global mobile voice, data, and positioning, navigation and timing (PNT) satellite services, and its news flow reflects activity across commercial, government, and critical infrastructure markets. Company announcements frequently emphasize that Iridium operates the only mobile voice, data, and PNT satellite network that spans the entire globe, enabling real-time connections between people, organizations, and assets anywhere on Earth.
News updates for IRDM often cover multi-year contracts and collaborations with U.S. government agencies, including the U.S. Space Force and the U.S. Department of Transportation, for satellite airtime, infrastructure modernization, and deployment of Iridium PNT services. Releases also highlight partnerships with telecommunications and technology companies, such as T-Mobile, Vodafone IoT, Qualcomm Technologies, Inc., and equipment manufacturers like HD Hyundai Construction Equipment, where Iridium’s satellite connectivity and IoT services extend coverage into remote and demanding environments.
Investors and industry followers can expect regular coverage of Iridium’s quarterly financial results, capital allocation decisions, and participation in investor conferences, as well as product and technology developments. Recent examples include the unveiling of the Iridium PNT ASIC for GNSS resilience and announcements related to Iridium NTN Direct for NB-IoT and direct-to-device connectivity. Board appointments and governance updates also appear in the company’s news stream.
This IRDM news page aggregates these announcements so readers can track developments in Iridium’s satellite communications, IoT, and PNT businesses, along with its evolving relationships with government, telecom, and industrial partners. For ongoing research, this feed provides context on how Iridium positions its global LEO network within mission-critical communications and safety services.
Iridium Communications Inc. (Nasdaq: IRDM) announced participation in two upcoming investor conferences in March 2022. The first is the Raymond James 43rd Annual Institutional Investors Conference on March 8 at 4:35 p.m. ET, and the second is the Deutsche Bank 30th Annual Media, Internet & Telecom Conference on March 15 at 3:35 p.m. ET. Presentations will be webcast live and archived for seven days on Iridium's Investor Relations website. Iridium provides a global satellite communications network for real-time connections.
Iridium Communications Inc. (Nasdaq:IRDM) reported Q4 2021 results showing a net loss of $5.9 million, an improvement from $7.9 million in Q4 2020. Total revenue rose 6% to $155.9 million, with service revenue growing 8% to $126.7 million. OEBITDA increased 10% to $93.4 million, leading to a 60% OEBITDA margin. Full-year 2021 revenue reached a record $614.5 million, up 5% from 2020. The company ended Q4 with 1.723 million subscribers, reflecting a 17% year-over-year growth. Iridium anticipates service revenue growth of 5-7% and OEBITDA of $400-$410 million for 2022.
Iridium Communications Inc. has appointed Kathy Morgan as its new Chief Legal Officer effective January 1, 2022, succeeding Tom Hickey. Morgan, who joined Iridium in 2008, previously served as Vice President of Corporate Law, where she was instrumental in corporate development and SEC matters. CEO Matt Desch expressed confidence in Morgan's leadership abilities to enhance the company's legal operations. Hickey, who held the position for over a decade, highlighted his expertise in evolving the legal team and driving significant initiatives.
Iridium Communications Inc. (Nasdaq: IRDM) will hold a conference call on February 17, 2022 at 8:30 a.m. ET to discuss its fourth-quarter 2021 financial results. Prior to the call, the earnings press release will be available on the company’s investor relations page. Interested participants can join by dialing 1-412-902-6740 and should connect five minutes early. The call will also be webcast live. A replay will be accessible one hour after the call concludes.
Iridium provides a global mobile voice and data satellite communications network.
Iridium Communications announced its role in supporting the U.S. Army Reserve's reactivated Monuments Officers alongside the Virginia Museum of Natural History. This initiative aims to protect cultural heritage sites in Honduras, particularly post-Hurricanes Iota and Eta. Iridium's satellite connectivity was vital, enabling real-time communication and tracking for the archaeological team as they assessed Mayan sites. Dr. Hayden Bassett emphasized Iridium PTT's impact on mission efficiency. This project serves as a proof of concept for future Monuments Officer missions, integrating military and civilian expertise in cultural preservation.
Iridium Communications (NASDAQ: IRDM) has appointed Manjula Sriram as its new Vice President & Chief Information Officer. With over twelve years of experience, Sriram previously served as CIO at The Joint Chiropractic. She will lead Iridium's IT organization, focusing on enhancing information systems to support the company's growth following the successful launch of its second-generation satellite constellation. CFO Tom Fitzpatrick highlighted the importance of strong IT leadership during this phase of expansion.
On December 27, 2021, Iridium Communications Inc. (Nasdaq: IRDM) announced that CEO Matthew Desch will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 2:45 p.m. ET. The presentation will be accessible via a live webcast on Iridium's investor relations website. A recorded replay will be available for 30 days post-conference. Iridium is a global leader in satellite communications, providing crucial voice and data services worldwide. For further details, visit Iridium's website.
Iridium Communications Inc. (Nasdaq: IRDM) announced that CFO Thomas Fitzpatrick will present virtually at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 9:10 a.m. ET. The presentation will be accessible live through a webcast on Iridium's investor relations website, with a replay available for 30 days after the event. Iridium operates a global satellite communications network, providing reliable connectivity for various markets.
Iridium Communications announces the launch of its Iridium Certus 100 service, offering midband satellite connectivity for maritime, aviation, IoT, and government applications. This service supports small, low-profile antennas and delivers data speeds up to 88 Kbps, enabling two-way communication and high-quality voice services. Over a dozen new partner products are now certified, catering to various markets including autonomous vehicles and remote monitoring. The service provides essential capabilities that have not been previously addressed by other satellite operators.
Iridium Communications reported a net loss of $2.1 million for Q3 2021, an improvement from a $4.0 million loss in Q3 2020. Fiscal highlights include a record Operational EBITDA of $100.2 million, up 7% year-over-year, with total revenue of $162.2 million, reflecting a 7% increase. The company completed Q3 with 1.69 million subscribers, marking an 18% rise from the prior year. Iridium raised its full-year service revenue growth outlook to 5%-6%, anticipating OEBITDA of approximately $375 million. Commercial service remains robust, driven by IoT subscriber growth.